SONIA GOT THE IDEA TO PLAY ROBIN HOOD AND GIVE MONEY TO THE POOR AS SHE WANTED "INCLUSIVE GROWTH"
Money was doled out to the poor in schemes like NREGA , Direct cash transfers and Farm loan waivers this led to them spending that money on food etc which led to high inflation .
RBI Saw high inflation as a risk and started inreasing interst rates .
The Interest rates were increased so fast and so high that it destroyed the growth in the econmomy .
So now we are left with low growth and high inflation and a
huge rural population NOT willing TO WORK AND LOOKING FOR FREEBEES FROM THE SYSTEM
Re: When UPA took over, the economy was growing at a healthy 8-9%
by pradeep agarwal on Mar 29, 2013 01:41 PM
Sonia represents everything that an unaware politician should be & ruined our economy with the help of a slave mentality person who calls himself as PM of India
I think RBI has done an wonderful job despite several constraints and pressures from all vested interests.What does Bhalla and other such persons want?Just make interest rates down as per their liking and writeoff all loans so that the domestic banks will be ruined and the so called stock brokers,agriculturists/netas,industrialists will heave a sigh of relief and be prepared for next scandals.It was due to RBI that Indian economy could withstand the global recession to a much higher extent.Otherwise we would have seen an europe like situation.With a profligate Govt. which only knows "notes for votes"policy having visionless politicians India would have stared at 1-2%growth.
Re: RBI'S POLICY
by arungopal agarwal on Mar 29, 2013 11:11 AM
Yes I agree, RBI has shown its capability to tackle recession as well as monetary discipline, but somehow out politicians are not upto the mark.
The defacto owner of Vasan Eye Care, the owner of several hundred acres of land in Coorg and Munar, the architect of all corruption and scam but still not being caught - THE GREATEST LUNGIWALA MUST BE GREETED FOR PUSHING INDIA TO CRISIS LEVEL.
UNLESS THE SPECTACLED MACAQUE IS SLAPPED FROM HEAD TO FOOT AND HIS WEALTH (INCLUDING BENAMI) CONFISCATED NOTHING GOOD WILL ACCRUE TO THE COUNTRY.
Re: PC is greatrest FM ever!
by kieran dsouza on Mar 29, 2013 01:21 PM
yes and this buffoon thinks all middle class owns several 100s acres like himself so taxing to death
Re: WHEN SONIA WANTS LAKHS OF CRORES TO BUY VOTES , WHO HAS TO PA
by arungopal agarwal on Mar 29, 2013 11:09 AM
Why forgot to mention paying huge pension and medical till death to all govt. servants, which is in thousands of crores, common man is barred for it.Tax payers money is only for govt. servants and politicians.
Re: Re: WHEN SONIA WANTS LAKHS OF CRORES TO BUY VOTES , WHO HAS T
by dinesh singhal on Mar 29, 2013 11:55 AM
EVERY ONE IS TALKING OF NAREGA, BUT FORGET TO MENTION THE HUGE UNPRODUCTIVE EXPENSES ON THESE GOVT SERVENTS
Re: Re: Re: WHEN SONIA WANTS LAKHS OF CRORES TO BUY VOTES , WHO H
by AMOL DESHPANDE on Mar 29, 2013 12:11 PM
ALSO LOTS OF FUNDS DONATE TO BHR AND UP. THIS IS A WASTAGE. NOW BHRI BHAIYA ALSO WANT STATUS OF SPECIAL STATE TO BEG LOTS OF CRORES FROM CENTRAL GOVERNMENT
there is always speculation of impact of change of interest rate on growth and inflation. we may think about different interest rate state wise, it is justified too every state has its own weakness and strength in terms of economy.for simplification we may consider group of state. i know it will be very much debatable as it is not practiced yet, different interest rate on same country. but if we survive with different fuel price and gold price then why it is possible atleast for experiment perpose.
